SAP Product Lifecycle Management (PLM) is a comprehensive software solution designed to manage the entire lifecycle of a product, from initial concept and design through production, service, and disposal. It integrates data, processes, business systems, and people within an extended enterprise, providing a single source of truth for product information and facilitating collaboration across different departments. By digitalizing product development, SAP PLM enables businesses to accelerate innovation, improve product quality, ensure compliance, and enhance profitability. Key Features and Functionality: - Product Development: Digitalize product development processes to improve decision-making and innovation, connecting supply chains to enhance speed, profitability, quality, and compliance. - Integrated Product Development: Accelerate innovation by digitalizing, connecting, and streamlining product development. - Engineering Control Center: Integrate design data with business data for seamless cross-discipline collaboration. - Product Lifecycle Costing: Maintain profit margins by managing costs early and simulating impacts throughout the product lifecycle. - System Integrations: Boost efficiency and collaboration with bidirectional integrations for unified product data across the entire supply chain. - Project Management: Plan, execute, and monitor projects and portfolios across the enterprise to optimize business performance and achieve strategic objectives. - Compliance: Ensure compliance, sustainability, and extended producer responsibility obligations throughout the product lifecycle to optimize material choices and accelerate product introductions. Primary Value and User Solutions: SAP PLM provides a unified platform that enhances collaboration, reduces time to market, and ensures product compliance and quality. By integrating product development with the entire supply chain, it optimizes efficiency and ensures seamless operations across the product lifecycle. This comprehensive approach enables businesses to deliver innovative and sustainable products faster, meeting customer demands and staying competitive in the market.